Temperature Monitoring System Market Size | Report by 2021, 28

Temperature Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (GxP Environment and Life Science Applications, Cold Chain Applications, Vaccine, Semiconductor Manufacturing, Cleanrooms, Data Centers and Equipment Rooms, Museums and Archives, Food and Beverage Manufacturing, Chart Recorder Replacement, and Others), Type (Contact-Based Temperature Monitoring Systems {Conventional Temperature Monitoring System, Temperature Monitoring Strips and Labels, and Wireless Temperature Monitoring System} and Non-Contact-Based Temperature Monitoring Systems {Pyrometer and Infrared Thermometer Market, Thermal Imagers Market, and Fiber Optic Thermometer}), and Industry (Healthcare and Life Science Facilities, Medical Device Manufacturing Companies, Pharmaceutical and Biotechnology Companies, Food and Beverage Product Manufacturers, and Others), and Geography

Publication Month : Feb 2022

  • Report Code : TIPRE00004401
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 256
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The temperature monitoring system market is expected to grow from US$ 5.15 billion in 2021 to US$ 6.85 billion by 2028; it is estimated to grow at a CAGR 4.8% during 2021 to 2028.

A temperature monitoring system controls and regulates the temperature of a particular environment. A temperature monitoring system has become an essential part of hospitals, clinics, food businesses, and other industries in recent years. With a temperature monitoring system, a person can easily track, control, and regulate the products’ temperature in a specific environment. A temperature monitoring system makes sure that temperature-dependent products stay safe when they are being transported from one place to another.  

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Temperature Monitoring System Market: Strategic Insights

temperature-monitoring-systems-market
Market Size Value inUS$ 5.15 billion in 2021
Market Size Value byUS$ 6.85 billion by 2028
Growth rateCAGR 4.8% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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The temperature monitoring system market is segmented on the basis of application, type, industries, and geography. The market, by geography, is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America. The report offers in-depth insights into the temperature monitoring system market, emphasizing parameters such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of leading market players.

Lucrative Regions for Temperature Monitoring System Market

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Market Insights

Stringent Regulations Governing Food & Beverage and Pharmaceutical Industries Contributes Significantly to Temperature Monitoring System Market Growth

Temperature-related issues impact the pharmaceutical sector dearly. Maintaining the potency of medications and vaccines is more difficult due to compliance, legal regulations, and environmental conditions. According to National Center for Biotechnology Information (NCBI), a shipment of Intralipid % IV fat emulsion, 100 mL bags (Baxter International, Inc.) was inappropriately exposed to subfreezing temperatures—outside the declared permitted storage range—on its route to a distribution site in August 2017. About two months later, the manufacturer voluntarily recalled this parenteral nutrition product and advised patients to discard their supply. An effective temperature monitoring system that indicates system inconsistencies is required to avoid such instances. Stringent regulatory requirements and guidelines in the pharmaceutical industry like GMP Pharma, GDP, 21 CFR part 11, GDP Pharma, and others are expected to drive the growth of temperature monitoring system market over the forecast period.

Temperature-sensitive pharmaceuticals pass through numerous stages and inspections before arriving at their final destinations, making them vulnerable to various environmental conditions such as temperature, light, humidity, and cleanliness while in storage and transit. As a result, it is critical to get appropriate equipment and procedures to monitor their temperature frequently to ensure that product quality is not affected. Molecules studied during the pre-clinical phase, or tested during clinical trials, such as pharmaceutical products (medicines, vaccines, etc.) in production then storage phase, must be monitored in real-time as part of the pharmaceutical cold-chain monitoring process.

Temperature monitoring is an essential part of pharmaceutical quality control. Temperature is monitored using various technologies, alerting the system to any irregularities. Regulatory requirements apply to businesses that aim to conduct research, manufacture, store, transport, or sell pharmaceutical items. Each country's laws and regulations are unique. They commonly include national or international governance such as the EU (in Europe), FDA (in the US), or Swissmedic (in Switzerland), all authorized by the International Council for Harmonization of Technical Needs for Pharmaceuticals for Human utilization (ICH).

In addition to official regulations, some critical associations are issuing guidance documents supporting and detailing the regulations and their application in specific situations. Some of the most influential organizations relevant to the pharmaceutical supply chain industry are the United States Pharmacopeia (USP), International Society for Pharmaceutical Engineering (ISPE), Parental Drug Association (PDA), and the World Health Organization (WHO). Therefore, the regulatory framework is a living organism that changes almost daily with new laws and new guidance documents being published.

Food and beverages need to be produced and stored at specific temperatures to maintain their quality. Maintaining a proper temperature is required to protect perishable food items stored in refrigerators or freezers. Food that is not appropriately stored can get spoiled or contaminated. Many facilities are employing food temperature monitoring system. These systems assure continuous monitoring of food and beverages. They immediately alert a user to act fast and avoid financial losses when food inventory is at risk.

Food suppliers and production facilities must comply with the Food Safety Modernization Act (FSMA) regulations for temperature monitoring. Breaching of the regulations can result in heavy penalties and even imprisonment. According to the FSMA, temperatures must be monitored and recorded throughout the processing, shipping, and distribution processes. Companies can use data logging capabilities in food monitoring systems to assist them in complying with these standards. Users can use these systems to ensure that everything is kept at the proper temperature. Users can also obtain temperature data records at any moment to confirm compliance with food safety regulations. Thus, stringent regulations governing food & beverages and pharmaceutical industries are expected to fuel the use of temperature monitoring system market.

Application-Based Insights

Based on application, the global temperature monitoring systems market is segmented into in GxP environment and life science applications, cold chain applications, vaccine, semiconductor manufacturing, cleanrooms, data centers and equipment rooms, museums and archives, food and beverage manufacturing, chart recorder replacement, and others. In 2021, the GxP environment and life science segment held the largest share of the global market. However, the vaccine segment is expected to register the highest CAGR during 2021–2028. Pharmaceutical companies worldwide adhere to GxP guidelines designed to provide consumers with safe products. These are the steps to build an efficient pharmaceutical quality system that will provide sound management and quality and risk management. Such a factor is expected to drive the segment growth during the forecast period.    

Type-Based Insights

Based on type, the temperature monitoring systems market is segmented into contact-based temperature monitoring systems and non-contact-based temperature monitoring systems. The contact-based temperature monitoring systems segment held the largest market share in 2021. However, the non-contract-based temperature monitoring systems segment is expected to hold a significant market share during the forecast period.

Industries -Based Insights

Based on industries, the temperature monitoring systems market is segmented into healthcare and life science facilities, medical device manufacturing companies, pharmaceutical and biotechnology companies, food and beverage product manufacturers, others. The healthcare and life science facilities segment held the largest market share in 2021. However, the pharmaceutical and biotechnology companies’ segment is expected to hold a significant market share during the forecast period.

Temperature Monitoring Systems Market, by Application – 2021 and 2028

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Product launches, and mergers and acquisitions are highly adopted strategies by the global temperature monitoring systems market players. A few of the recent key market developments are listed below: In December 2021, Monnit launched its new ALTA Wireless Motion+ Sensor which combines sensing components to measure motion and occupancy, ambient temperature, and relative humidity (RH) in a wide variety of facilities. As states and communities set into effect reopening plans during the COVID-19 pandemic, non-contact temperature monitoring devices may be used as part of an initial check at entry points to detect and screen people.

Temperature monitoring systems and non-contact infrared thermometers, which are non-contact temperature assessment devices, may be used to measure a person's temperature. An elevated temperature is one parameter to identify a person who may have contracted the COVID-19 infection, although an infected person may be contagious without a high temperature or other easily detectable symptoms. Thus, increased adoption of temperature monitoring systems by the pharmaceutical and biotechnology companies, healthcare and life science facilities has resulted in profits, and the outbreak of COVID-19 has shown a positive impact on market growth.

Temperature Monitoring Systems – Market Segmentation

The temperature monitoring system market is segmented on the basis of application, type, industries and geography. Based on application, the market is segmented into GxP environment and life science applications, cold chain applications, vaccine, semiconductor manufacturing, cleanrooms, data centers and equipment rooms, museums and archives, food and beverage manufacturing, chart recorder replacement, and others. Based on type, the temperature monitoring system market is bifucated into contact-based temperature monitoring system and non-contact temperature monitoring system. Based on industries, the temperature monitoring system market is segmented into healthcare and life science facilities, medical device manufacturing companies, pharmaceutical and biotechnology companies, food and beverage product manufacturers, and others. Geographically, the temperature monitoring system market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America). Vaisala, Monnit Corporation, SensoScientific Inc., E-control System Inc., CenTrak, 3M, ABB, Deltatrak, Emerson Electric Co., and Honeywell International Inc. are among the leading companies operating in the temperature monitoring system market.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Application, Type, and Industry, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the temperature monitoring systems market?

A temperature monitoring system controls and regulates the temperature of a particular environment. A temperature monitoring system has become an essential part of hospitals, clinics, food businesses, and other industries in recent years. With a temperature monitoring system, a person can easily track, control, and regulate the products’ temperature in a specific environment.

What are the driving factors for the temperature monitoring systems market across the country?

The drivers that will affect the temperature monitoring systems market in the coming years are stringent regulations governing the food & beverage and pharmaceutical industries, rising number of product launches, and the availability and advantages of wireless temperature monitoring systems for remote monitoring. However, the technical limitations associated with infrared and mercury thermometers are hampering the market growth.

Who are the major players in market the temperature monitoring systems market?

The temperature monitoring systems market majorly consists of the players such as 3M, Abb Ltd., Deltatrack, Emerson Electric, Fluke Corporation, Vaisala, Monnit Corporation and Omega Engineering, SensoScientific Inc., and E-Control Systems Inc.

Which segment is dominating the temperature monitoring systems market?

The global temperature monitoring systems market based on application, is segmented into in GxP environment and life science applications, cold chain applications, vaccine, semiconductor manufacturing, cleanrooms, data centers and equipment rooms, museums and archives, food and beverage manufacturing, chart recorder replacement, and others. The GxP environment and life science applications segment held the largest share in 2021. However, the vaccine segment is expected to register the highest CAGR during the forecast period.

The List of Companies - Temperature Monitoring Systems Market

  1. 3M
  2. Abb Ltd.
  3. Deltatrack
  4. Emerson Electric
  5. Fluke Corporation
  6. Vaisala
  7. Monnit Corporation
  8. Omega Engineering
  9. SensoScientific Inc.
  10. E-Control Systems Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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